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The consultancy estimates that Australian LNG export revenue reached A$5.59 billion ($3.55 billion) last month.
EnergyQuest said this was down by 6 percent from March 2024 when it was A$5.94 billion, but it was higher compared to February’s A$4.93 billion.
Western Australia projects earned export revenue of A$3.28 billion. Queensland projects brought in A$1.78 billion, and Northern Territory projects earned A$0.53 billion.
Shipments
EnergyQuest estimates that Australia exported 7.11 Mt of LNG in March, totalling 101 cargoes.
This is an increase compared to February 2025, which saw Australia export 6.07 Mt and 87 cargoes, the consultancy said.
When annualised, March’s exports represent 83.7 Mtpa, equivalent to 97.2 percent of total Australian nameplate capacity.
According to EnergyQuest, WA projects (NWS, Pluto, Gorgon, Prelude, and Wheatstone) combined shipped 59 cargoes during March for 4.17 Mt, compared to 48 cargoes for 3.38 Mt in February, and 54 cargoes in January for 3.80 Mt.
During March, Queensland’s three Gladstone projects shipped 33 cargoes for a combined total volume of 2.26 Mt – much higher than the February total of 29 cargoes for 1.95 Mt, it said.
EnergyQuest said the higher amount was anticipated, again due to February’s three less operating days.
The March result was only one cargo less than the record 2.35 Mt total achieved in December 2024 (34 cargoes), it said.
EnergyQuest added that the NT (Ichthys) shipped nine cargoes for 0.68 Mt compared to 10 cargoes for 0.74 Mt in February.